Saturday, June 26, 2010

Franklin's state aid

On June 24, 2010, the Legislature approved the Conference Committee’s version of the FY2011 budget.  The Division of Local Services has posted updated local aid estimates based on the Conference Committee budget recommendations at the link below:

Though the estimates are substantially the same as previous estimates, the Conference Committee proposal relies on reimbursements from the Federal Medical Assistance Program (FMAP) to fund part of certain appropriations. 
Outside section 190 restricts the expenditure of FMAP funded appropriations until receipt of those funds is certain. 
Cherry sheet estimates for the State-owned Land, Regional School Transportation and Local Share of Racing Taxes programs reflect the portion of the appropriation funded only from the general fund. 
If the FMAP funding becomes certain by tax rate setting time, FY2011 cherry sheets will be amended.
These estimates are subject to final approval by the Governor.

Franklin, MA

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